The European Chamber of Commerce(EuroCham) in Vietnam published a booklet on Nov. 26, in which for thefirst time it mentions improvements in the country’s businessenvironment.
As in the first edition which wasreleased in 2008, the “2010 EuroCham Trade Issues and Recommendations”aims to summarise key issues that affect the European businesscommunity in Vietnam.
In addition to pharmaceuticals, consumer goods, energy, telecoms, automanufacturing, tourism, finance and banking, the booklet touches upon anumber of important areas, including the protection of intellectualproperty rights, mergers and acquisitions and Vietnam’s fulfillment ofits commitments to the World Trade Organisation (WTO).
EuroCham’s Chairman Alain Cany told reporters that although Vietnam’seconomy is on the road to recovery, with an estimated growth rate of 5percent this year, the government still needs to tackle obstacles thathold back the economy’s competitiveness, including opening up theenergy industry, telecoms, pharmaceuticals and retail markets muchfurther to attract more investment.
Cany said that with Vietnam living up to its WTO commitments, such asthe continued equitisation of state-owned enterprises, the ongoingbattle against corruption and cutting red tape are considered decisivefactors that will make Vietnam more attractive to European investors.
On the occasion, EuroCham, in collaboration with the Vietnam Chamber ofCommerce and Industry, held round-table talks with officials from eightof the country’s ministries and sectors./.
As in the first edition which wasreleased in 2008, the “2010 EuroCham Trade Issues and Recommendations”aims to summarise key issues that affect the European businesscommunity in Vietnam.
In addition to pharmaceuticals, consumer goods, energy, telecoms, automanufacturing, tourism, finance and banking, the booklet touches upon anumber of important areas, including the protection of intellectualproperty rights, mergers and acquisitions and Vietnam’s fulfillment ofits commitments to the World Trade Organisation (WTO).
EuroCham’s Chairman Alain Cany told reporters that although Vietnam’seconomy is on the road to recovery, with an estimated growth rate of 5percent this year, the government still needs to tackle obstacles thathold back the economy’s competitiveness, including opening up theenergy industry, telecoms, pharmaceuticals and retail markets muchfurther to attract more investment.
Cany said that with Vietnam living up to its WTO commitments, such asthe continued equitisation of state-owned enterprises, the ongoingbattle against corruption and cutting red tape are considered decisivefactors that will make Vietnam more attractive to European investors.
On the occasion, EuroCham, in collaboration with the Vietnam Chamber ofCommerce and Industry, held round-table talks with officials from eightof the country’s ministries and sectors./.
